5 unchanged sentences
Our cash dividends for the three years ended December 31, 2023 are as follows:
−Removed: Declaration Date Record Date Payment Date Dividend per Share
+Added: Dividend Annualized Dividend
+Added: Declaration Date 1
+Added: Record Date Payment Date per Share 2
May 17, 2021 June 3, 2021 July 1, 2021 $0.13 $0.26
2 unchanged sentences
November 8, 2022 November 28, 2022 December 16, 2022 $0.16 $0.32
−Removed: May 18, 2022 June 3, 2022 July 1, 2022 $0.19
+Added: March 1, 2023 March 13, 2023 March 31, 2023 $0.08 $0.32
+Added: May 18, 2023 June 9, 2023 June 30, 2023 $0.08 $0.32
+Added: August 18, 2023 September 8, 2023 September 29, 2023 $0.08 $0.32
November 10, 2023 November 29, 2023 December 18, 2023 $0.08 $0.32
−Removed: The following is a summary of our share-based compensation plans as of December 31, 2022:
+Added: 1 Effective with the cash dividend declared on March 1, 2023 (paid on March 31, 2023), the Company moved from semi-annual cash dividends to quarterly cash dividends.
+Added: 2 Reflects three-for-two stock split effective August 16, 2023.
+Added: Stock Split - On July 7, 2023, the Board of Directors declared a three-for-two stock split of the Company's common stock to be paid in the form of a stock dividend.
+Added: Stockholders of record at the close of business on July 28, 2023 received one additional share for every two shares they held as of that date on August 16, 2023 (ex-dividend date August 17, 2023).
+Added: Share-Based Compensation Plans - The following is a summary of our share-based compensation plans as of December 31, 2023:
EQUITY COMPENSATION PLAN INFORMATION
5 unchanged sentences
The 2016 Long-Term Incentive Plan 1,862,571 $ 29.55 5,070,436
−Removed: Repurchases during the fourth quarter of 2022, which include repurchases from our open market, 401(k) and employee repurchase programs, were as follows:
+Added: Issuer Purchases of Equity Securities - Repurchases during the fourth quarter of 2023, which include repurchases from our employee repurchase program, were as follows:
ISSUER PURCHASES OF EQUITY SECURITIES
12 unchanged sentences
Total 1,686 $ 58.86 1,686 —
+Added: Contingent Shares Issued in BASX Acquisition - On December 10, 2021, we closed on the acquisition of BASX (Note 4).
+Added: Under the MIPA Agreement, we committed to $78.0 million in the aggregate of contingent consideration to the former owners of BASX, which is payable in approximately 1.56 million shares of AAON stock, par value $0.004 per share.
+Added: The shares do not accrue dividends.
+Added: Under the MIPA Agreement, the potential future issuance of the shares is contingent upon BASX meeting certain post-closing earn-out milestones during each of the years ended 2021, 2022, and 2023.
+Added: We estimated the fair value of contingent consideration related to these shares to be approximately $60.0 million, which is included in additional paid-in capital on the consolidated balance sheets.
+Added: As of December 31, 2023, 0.58 million, and 0.73 million shares related to the earn-out milestones for the years ended 2022 and 2021, respectively, have been issued to the former owners of BASX as private placements exempt from registration with the SEC under Rule 506(b), which are included in common stock on the consolidated statements of stockholders' equity.
+Added: Rule 10b5-1 Trading Arrangements - The following table describes contracts, instructions or written plans for the purchase or sale of our securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
+Added: Name and Title of Director or Officer Date of Adoption of Arrangement Duration of the Arrangement Aggregate Number of Securities to be Purchased or Sold Pursuant to the Arrangement
+Added: Wakefield November 23, 2022 Terminated May 17, 2023 95,788
+Added: Vice President and Chief Operating Officer
+Added: Wakefield September 13, 2023 Terminated December 27, 2023 181,000
+Added: Vice President and Chief Operating Officer
Comparative Stock Performance Graph
3 unchanged sentences
This table is not intended to forecast future performance of our Common Stock.
+Added: Company / Index 2018 2019 2020 2021 2022 2023
+Added: $ 100 $ 142 $ 193 $ 231 $ 220 $ 326
+Added: NASDAQ Composite Index 100 137 198 242 163 236
+Added: S&P 600 Capital Goods Industry Group Index $ 100 $ 130 $ 150 $ 188 $ 180 $ 249
This stock performance graph is not deemed to be “soliciting material” or otherwise be considered to be “filed” with the SEC or subject to Regulation 14A or 14C under the Securities Exchange Act of 1934 (Exchange Act) or to the liabilities of Section 18 of the Exchange Act, and should not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent the Company specifically incorporates it by reference into such a filing.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.